Strict environmental policies and favorable regulations encouraging the use of bromine in coal fired power plants to reduce mercury containing effluents

Increasing demand and production of oil and gas

Growth in electronics and automotive industries in the major countries

Increasing demand for fumigants, disinfectants in agricultural and water treatment industry.

About the market

The global bromine market has grown significantly during the last few years, and it is expected to grow at a rapid pace in the next five years, mainly driven by a growing consumption in the Asia-Pacific region.

Asia-Pacific is the largest and fastest growing consumer of bromine & its derivatives across the world. The bromine derivatives market in Asia-Pacific is expected to grow with a CAGR of 3.27% from 2013 to 2018. China, Japan, South Korea, and India are the major markets for bromine & its derivatives in Asia-Pacific. Other markets in Asia-Pacific include Taiwan, Australia, Singapore, Indonesia, and Thailand. The demand for bromine & its derivatives in these markets is fueled by demand from end-user industries such as oil & gas, construction, pharmaceutical, automotive, textiles, electronics, agricultural, and water treatment.

This report aims to estimate the global bromine market for 2013 and to project the expected demand of the same by 2018. This market research study provides a detailed qualitative and quantitative analysis of the global bromine & its derivatives market. It provides a comprehensive review of major drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. Opportunities for new entrants in light of market forces such as consumers bargaining strength, raw material sourcing, and market penetration threshold are analyzed using Porters model. The global bromine & its derivatives market is segmented into four major geographies, namely North America, Europe, Asia-Pacific, and ROW. The major markets in these geographies such as the U.S., Mexico, France, Germany, U.K., China, Japan, Malaysia, India, Israel, Jordan, and Brazil are estimated and forecasted. The market is also segmented by various applications of bromine & its derivatives. Various secondary sources, such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of bromine market, have been used. The primary sources, experts from related industries and suppliers, have been interviewed to obtain and verify critical information as well as to assess the future prospects of bromine & its derivatives.

The competitive scenarios of the top players in the bromine & its derivatives market are discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include Albemarle Corporation (U.S.), Chemtura Corporation (U.S.), Sanofi S.A. (France), Honeywell International Inc. (U.S.) Tosoh Corporation (Japan), Tata Chemicals Limited (India), Israel Chemicals Limited (Israel), Jordan Bromine Company Limited (Jordan), Tetra Technologies Inc. (U.S.), Morre-Tec Industries Inc. (U.S.), Hindustan Salts Limited (India), and so on.

Scope of the report: This research report categorizes the global bromine market on the basis of derivatives, applications, and geography, forecasting volumes and revenues in each of the submarkets.

On the basis of applications: The bromine & its derivatives market is segmented on the basis of industry application as flame retardants, biocides, oil and gas drilling, medicinal, pharmaceutical formulations, HBr flow battery, plasma etching, fumigants, and PTA synthesis. Each application is further described in detail in the report with volume and revenue forecast for each application.

On the basis of geography: The global bromine market is segmented into four geographies, North America, Europe, Asia-Pacific, and ROW. Key countries include the U.S., Mexico, Germany, France, Russia, U.K., China, India, Japan, South Korea, Israel, Jordan, and Brazil.

The global bromine market is expected to reach 776,844.91 tons by 2018.

The report Bromine & its derivatives considers three commonly used derivatives of bromine organobromines, clear brine fluids, and hydrogen bromide. Organobromines are brominated organic compounds. Brine fluids are solution of bromide salts in water. Brine fluids are synthesized by making a heavy solution of calcium bromide (CaBr2), sodium bromide (NaBr), and zinc bromide (ZnBr2) in water. Hydrogen bromide is produced by making hydrogen react with bromine. It is also synthesized by making the concentrated sulphuric acid react with sodium bromide. The major applications for organobromines, brine fluids, and hydrogen bromide include flame retardants, oil & gas drilling, biocides, medicinal, fumigants, HBr flow battery, PTA synthesis, plasma etching, and pharmaceutical formulations. Important end-user industries consuming bromine & its derivatives include oil & gas, electronics, textile, construction, automotive, water treatment, agricultural, furnishing, ship building. The demand for bromine market & its derivatives is driven by factors such as strict environmental policies and favorable regulations encouraging the use of bromine in coal fired power plants to reduce mercury elements; increasing demand and production of oil & gas; growth in manufacturing industry of the major countries; and increasing demand for biocides in agricultural and water treatment industry.

Organobromines has the largest share of derivatives in the global bromine market. The market revenue of organobromines is expected to reach to $4,602.80 million by 2018. Asia-Pacific is currently the largest and fastest growing consumer in the industry. The market revenue for organobromines in Asia-Pacific is expected to grow at a CAGR of 9.44% in the next five years.

Flame retardants are the largest of application segments in the global bromine market. The market for the same is estimated to generate revenue of $2,643.81 million by 2018. Flame retardants are widely used in the automotive, textile, construction, and electronics industries. Plasma etchings are the fastest growing applications for bromine derivatives globally.

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